Global Bulletproof Clothes Market 2016-2024: Demand Accelerated With Government’s Investing in Defense

Bullet Proof Clothing Market is setting a New Trend by Introducing Elegant Bullet Proof Apparels Majorly for Business and Political VIPs 

Global Bullet Proof Clothing market is expected to expand at a compound annual growth rate (CAGR) of 5.4% over the forecast period i.e. 2016-2024.The Bullet Proof Clothing market witnessed growth across the globe in recent years owing to government funding programs and implementation of advanced technologies for the production of bulletproof clothing.

Market Landscape

Apart from defense sector and local law enforcement security forces, commercial security is also one of the key factors encouraging the growth of bulletproof clothing market. Growing consciousness for commercial security has considerably driven the demand for bulletproof jackets, vests and tailored clothing to provide security to VIP personnel. Moreover, growing security threats is one of the factors which led the different governments around the world to increase its defense budget so as to enhance the security defense.

Many market players majorly from the U.S and Latin America has been entered in the personal and tailored bulletproof clothing market which is the niche segment but has enormous potential. The United States eventually will be the market player’s largest market. And they plan to keep innovating to keep up with changing tastes.

Global BulletProof Clothing Market” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, the competitive analysis includes the in-depth analysis of the major players and leaders in the bulletproof clothing industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler, and others. Our primary research team conducted various interviews, surveys and group discussions of industry professionals, bulletproof clothing manufacturers, aftermarket vendors and component suppliers to analyze the future prospects of the overall bulletproof clothing industry.

Global Bullet Proof Clothing Market Segmentation can be classified on the basis of:-

 

By Product Type

  • Hard Vest
  • Soft Vest/Armor Plated

By End Users

  • Defense
  • Law Enforcement Bodies
  • Civilians/VIPs

By Geography

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
  • The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)}

 

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Market Trends, Drivers, and Challenges

One of the major trends in the current bulletproof clothing market is the introduction of fashionable bulletproof clothing. There are very limited firms around the world that design a range of designer bulletproof clothing for a variety of clients. Mostly these bulletproof clothing is delivered to the public as well as private sectors comprising the police force and VIP clients. These bullet-resistant clothing include jackets, raincoats, bulletproof vests, blazers and bulletproof suits as well. And this trend is gaining momentum as the growing number of attacks and the rising violence and threats across the globe is pushing the demand for the protection clothing and gears for soldiers and civilians, which will also back to the adoption rate of bulletproof jackets in the defense sector as well as for security reasons for government officials and VIP’s.

“Global Bullet Proof Clothing Market Report” from Goldstein Research has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes Porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global Bullet Proof Clothing market report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players.

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